The 2015 Federal Economic Action Plan Supports Advanced Research Funding

In the 2015 Economic Action Plan, the Government of Canada prioritizes funding to foster advanced research within the nation, especially in the sector of advanced manufacturing. Over a six-year time frame, the Canadian Foundation for Innovation will receive $100 million to support digital research facilities as well as $1.33 billion to fund cutting-edge research facilities in Canadian campuses. Additionally, the Government offers $46 million annually to the Granting Councils to encourage collaborative research between universities and colleges as well as industry in a wide range of sectors, including agriculture, advanced manufacturing, and natural resources.

Support for R&D partnerships and internships is also a priority, with $56.4 million designated for over 6,000 new graduate internships in industry-related R&D and $119.2 million designated for partnerships between industry and the National Research Council. Moreover, the satellite communications sector will receive $30 million for industrial research. To maintain Canadian participation in international aerospace projects, the Government has allocated $243.5 million over ten years to the development of the Thirty Meter Telescope on Mauna Kea in Hawaii. Going forward, new strategies will be announced by the federal government to enhance business access to R&D support programs.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

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